(Photo: Reuters)BENGALURU — Gold rose to a near three-week high on Wednesday as oil prices and the dollar fell sharply after the United States and Iran agreed to a two-week ceasefire as talks began on ​a permanent end to the ⁠war. Oil prices fell more than 13% to below the $100 a barrel mark, while the dollar sank to its lowest level in a month on the news. "The weaker ​dollar is supporting gold, but essentially it is also supported by lower oil prices, lower inflation and increased rate cut expectations after the ceasefire announcement," said ​UBS ‌analyst Giovanni Staunovo. Gold prices up in ThailandLocally, gold prices rose 650 baht per baht-weight of gold on Wednesday. As of 5.24pm, the buying and selling prices were 72,300 baht and 72,500 baht for bullion, and 70,857.84 and 73,300 baht for gold ornaments, according to the Gold Traders' Association.

Source: Bangkok Post April 08, 2026 12:28 UTC